Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Anadarko Petroleum Corporation    APC

Delayed Quote. Delayed  - 09/27 10:00:26 pm
58.27 USD   -0.46%
09/26 BofA to pay $15.5 million fines for causing 'mini-flash crashes'
09/26DJMerrill Lynch to Pay $12.5 Million Fine for Mini-Flash Crashes
09/19DJCarl Icahn Sells More Than Half of Chesapeake Stake
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Mozambique Plans to Begin LNG Exports By 2018

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/25/2013 | 02:45pm CEST

By Alexis Flynn

ABERDEEN, Scotland--Mozambique hopes to export its first cargoes of liquefied natural gas by 2018, President Armando Emilio Guebuza said Thursday.

"We are doing our best to make sure that by 2018 the first trains are delivered to the market," said Mr. Guebuza, who is Aberdeen at a conference to promote Mozambique's nascent oil and gas industry.

The East African nation is on the cusp of becoming one of the continent's biggest energy producers following the discovery of giant natural gas fields in the deep waters off its northeast coast.

However, before any exports can begin, billions of dollars will have to be spent building the giant refrigeration tanks needed to cool the gas for shipping and developing port facilities big enough to house LNG carrier vessels.

Mozambique expects it will cost at least $40 billion to develop its natural gas infrastructure, including a plant capable of exporting 20 million metric tons of LNG and a local distribution hub that will service its domestic energy needs as well as those of its near neighbors, said Minister of Mineral Resources Esperenca Bias.

"It will be the largest ever in Africa," said Ms. Bias.

However, it remains unclear which international companies will build the terminal. The right to export LNG currently rests with Italy's Eni SpA (E) and U.S. explorer Anadarko Petroleum Corp (>> Anadarko Petroleum Corporation), the two firms operating the concessions where most of the 108 trillion cubic feet of natural gas have been found.

Both companies are in discussions with the government about developing an LNG plant, said Arsenio Mabote, chairman of the state-owned National Petroleum Institute. "It is up to the concessionaires to decide," said Mr. Mabote, adding that he expects the talks to conclude in the next few months.

-Write to Alexis Flynn at alexis.flynn@wsj.com

Corrections & Amplifications

This item was corrected at 1605 GMT because it misstated the organization chaired by Arsenio Mabote in the last paragraph. He is chairman of the National Petroleum Institute, not National Hydrocarbons Co.

Stocks mentioned in the article : Anadarko Petroleum Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANADARKO PETROLEUM CORPORA
09/26 BofA to pay $15.5 million fines for causing 'mini-flash crashes'
09/26DJMerrill Lynch to Pay $12.5 Million Fine for Mini-Flash Crashes
09/19DJCarl Icahn Sells More Than Half of Chesapeake Stake
09/18 ANADARKO PETROLEUM : May Take Final Investment Decision 'by Next Year'
09/16 ANADARKO PETROLEUM CORP : Entry into a Material Definitive Agreement, Financial ..
09/15 ANADARKO PETROLEUM : Names Robin Fielder Vice President, Investor Relations
09/15 ANADARKO PETROLEUM : to Present at Upcoming Energy Event
09/15 FREEPORT MCMORAN : Announces agreement to sell its deepwater gulf of mexico prop..
09/14 ANADARKO PETROLEUM : Oil company's Gulf of Mexico buy will bring jobs back to We..
09/13 Weight Watchers, Anadarko and Pandora fall
More news
Sector news : Oil & Gas Exploration and Production - NEC
07:15aDJCanada Gives Conditional Approval to Petronas's LNG Terminal
09/27DJAGL Energy Adds Oil Search's CEO to its Board
09/27 When deals go bad - China state firm managers spooked by new liability rules
09/26DJNOBLE ENERGY : Investors in Israeli Natural Gas Agree Supply Deal With Jordan
09/26DJNOBLE ENERGY : Investors in Israeli Natural Gas Agree Supply Deal With Jordan
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
09/27 BLOOMBERG : Freeport?s $2B asset sale to Anadarko hit with lender dissent
09/27 FREEPORT-MCMORAN : Why You Should Be Buying
09/26 Farmer's Almanac Cold Winter Forecast Could Impact Natural Gas Prices
09/26 Should Anadarko Break Itself Up To Achieve Full Value Recognition?
09/22 Why Shares Of Chicago Bridge & Iron Have Tanked
Advertisement
Financials ($)
Sales 2016 8 221 M
EBIT 2016 -979 M
Net income 2016 -2 209 M
Debt 2016 14 158 M
Yield 2016 0,51%
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 5,65x
EV / Sales 2017 3,97x
Capitalization 32 259 M
More Financials
Chart ANADARKO PETROLEUM CORPORA
Duration : Period :
Anadarko Petroleum Corpora Technical Analysis Chart | APC | US0325111070 | 4-Traders
Full-screen chart
Technical analysis trends ANADARKO PETROLEU...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 69,8 $
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert A. Walker Chairman, President & Chief Executive Officer
Robert G. Gwin Chief Financial Officer & Executive Vice President
Mario M. Coll Chief Information Officer & Senior Vice President
H. Paulett Eberhart Independent Director
John Rousmaniere Gordon Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ANADARKO PETROLEUM COR..19.95%32 409
CNOOC LTD13.69%53 188
OCCIDENTAL PETROLEUM C..1.54%52 955
CONOCOPHILLIPS-15.55%49 565
EOG RESOURCES INC25.10%49 150
CANADIAN NATURAL RESOU..30.51%32 669
More Results